Alternative Approaches to Money and Growth
在同时考虑内生劳动供给和资本存量的经济中，比较了三种货币增长模型（效用函数中的货币、现金先行、交易成本），发现它们在合理条件下产生相同的比较静态结果。
This paper reexamines the issue of money and growth in an economy with both endogenous labor supply and endogenous capital stock using three recently developed approaches: the money-in-the-utility-function approach, the cash-in-advance approach, and the transactions-costs approach. By establishing a qualitative equivalence between alternative setups, the authors find economically justifiable conditions such that all comparative statics results derived.from the aforementioned approaches are identical. Copyright 1992 by Ohio State University Press.